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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> the boston bombing investigation tonight is focusing ever more tightly on tamerlan tsarnaev's wife, catherine russell. sources close to the investigation tell cnn that there are major questions tonight surrounding the woman who was closest to the suspected boston bombers and one of the questions is this -- how is it possible, as authorities tell gloria, that russell did not see bombs being made in the couple's tiny home? erin mcpike is "outfront." there are questions about the older brother's wife. we've only seen her in pictures. what can you tell us? >> we did go into the attorney's office today, erin. but they're being very tight lipped. i spoke to katie russell's attorney on the phone a little bit ago and she's still not saying anything. she's being very quiet on behalf of her client. won't say if katie r
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> the boston bombing investigation tonight is focusing ever more tightly on tamerlan tsarnaev's wife, catherine russell. sources close to the investigation tell cnn that there are major questions tonight...
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the government spends almost 1 million tax dollars a year on nothing. that's later in the grapevine. first, the defense makes a brazen and astounding move in the murder trial of a philadelphia abortion doctor. >>> george w. bush presidential library and museum is the 13th presidential museum in the national archives and records administration. it's the only one with a full scale replica where you can sit behind the desk, answer the phone, take pirs tires. having been in that oval office during the bush years, i can tell you this looks exactly the same down to every detail. coming outside, they're making final preparations for the big day. it's a very rare event on stage to get four form jer presidents altogether. it will happen on thursday. on this side you'll have the carters and clintons. on this side you'll have president bush and mrs. bush. 43. president bush and mrs. bush, 41 and you'll have the current president and mrs. obama. a big day as you look ought over the lectern there will be people from around the world and the country in a packed area.
the government spends almost 1 million tax dollars a year on nothing. that's later in the grapevine. first, the defense makes a brazen and astounding move in the murder trial of a philadelphia abortion doctor. >>> george w. bush presidential library and museum is the 13th presidential museum in the national archives and records administration. it's the only one with a full scale replica where you can sit behind the desk, answer the phone, take pirs tires. having been in that oval...
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administration is weak on terrorism and yet wasn't it a few weeks ago they were complaining about all of the tax? and not only only that, we've k more than all of the administration have done. that's a fact, whether they like it or not. the second thing that really bothers me about what they've been saying today, the anti-muslim rhetoric is one of the reasons that the republican party will, in my judgment, remain in minority for a long time. 99% of americans do not support islamic jihadism. they are appalled by it as n anybody. you heard the two brothers uncle. there are muslim countries all over that are allies. how do you think the muslims in kosovo feel? do you think they hate us? we saved them from genocide. >> just this week in canada, what are we talking about? >> absolutely. this idea that we can condemn an entire religion, both here and abroad, is nuts. i mean, look, jared loughner was a terrorist. timothy mcveigh was a terrorist. adam lanza was a terrorist. they were christians. >> bill o'reilly is using this text to condemn muslims in general. listen. >> it's all about motivation and i
administration is weak on terrorism and yet wasn't it a few weeks ago they were complaining about all of the tax? and not only only that, we've k more than all of the administration have done. that's a fact, whether they like it or not. the second thing that really bothers me about what they've been saying today, the anti-muslim rhetoric is one of the reasons that the republican party will, in my judgment, remain in minority for a long time. 99% of americans do not support islamic jihadism....
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it is a question of sales tax or no sales tax. what the oregonians suggested to us is what they consider to be a perfect solution. remove any requirement for their internet retailers to collect sales tax from anybody. therefore, there be no federal mandate. well, let me remind them. there is no federal tax in this bill. there is no new tax in this bill. state and local, or federal. all we're asking for is the basics. the oregonians want to sell in an adjoining state like california, they'll collect the sales tax owed to california and pay it back. then i listened to him describe how onerous this would be. right now ebay, which is no friend of this bill, ebay offers a service available to businesses that they can buy that will tell them the exact sales tax to be collected based on your zip code and address, and that service cost -- listen to this onerous cost -- $15 a month. $15 a month. if you want to go to the highest cadillac version, $140 a month, less than $2,000 a year. incidentally, in our bill, we require the states that ar
it is a question of sales tax or no sales tax. what the oregonians suggested to us is what they consider to be a perfect solution. remove any requirement for their internet retailers to collect sales tax from anybody. therefore, there be no federal mandate. well, let me remind them. there is no federal tax in this bill. there is no new tax in this bill. state and local, or federal. all we're asking for is the basics. the oregonians want to sell in an adjoining state like california, they'll...
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first false solution, we need more tax revenue. we're not taxing ourselves enough. only if we tax more, especially from the quote-unquote rich, those who haven't paid their fair share, quote-unquote, we solve this debt problem. let me address that for a minute. this is a -- this is one slide that doesn't come from the budget committee, it comes from the i.r.s., i have no reason to dispute it, i saw it in the "wall street journal" a couple of years ago and the bars represent where the money in this country is. the taxable revenue. where people's property is. and it's divided along income groups and if you look at the far right of this chart, you'll see that the top, the furthest right bars represent americans who have taxable revenue of anywhere from $1 million to $10 million. and the largest, the highest bars, where the middle is, represent americans who have taxable revenue of anywhere $500,000 a to year. the point of the slide is, you can take all the millionaires' money if you wanted. really make them pay their fair share. take 100% of what they earn and you'll h
first false solution, we need more tax revenue. we're not taxing ourselves enough. only if we tax more, especially from the quote-unquote rich, those who haven't paid their fair share, quote-unquote, we solve this debt problem. let me address that for a minute. this is a -- this is one slide that doesn't come from the budget committee, it comes from the i.r.s., i have no reason to dispute it, i saw it in the "wall street journal" a couple of years ago and the bars represent where the...
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>> more taxes. there are so many hidden taxes in the affordable healthcare bill, which is a strange name, that we all are going to be paying. you know, initially, just the rich. then the semi-rich. then the nonrich. you know, the money has to come from someplace. what happens when the government grows to this size -- this is what the founding fathers warned us against. >> neil: in other words, the more you want, the more you have to pay and they tapped the rich and it's not enough to pay the bills. so how far down the so-called food chain do you see this going? >> obviously it's going to affect everyone eventually. also you have to remember that when you affect one segment of the population, we don't live in isolation, every segment will be affected. so the people who create jobs, if you're hurting them, they're not going to create as many jobs. on and on it goes. it's a continuum. we're all in the same boat. we need to be talking about things that work for everybody in an efficient way. >> neil: a
>> more taxes. there are so many hidden taxes in the affordable healthcare bill, which is a strange name, that we all are going to be paying. you know, initially, just the rich. then the semi-rich. then the nonrich. you know, the money has to come from someplace. what happens when the government grows to this size -- this is what the founding fathers warned us against. >> neil: in other words, the more you want, the more you have to pay and they tapped the rich and it's not enough...
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the burden of preparing your taxes is now nearly as onerous as actually paying for the taxes. it takes 13 hours for the average american to prepare his or her taxes. the tax code remains almost four million words, many of which are incomprehensible. we must all work together to free small businesses and individuals of the most complex regulation of them all, the federal income tax code. hank you, madam speaker. the speaker pro tempore: for what purpose does the gentleman from ohio seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> mr. speaker, i rise today along with several of my pro-life colleagues to bring attention to the ongoing trial of kermit gosnell, an abortionist in philadelphia. mr. johnson: he ask charged with murdering a woman and first-degree murder of four infants who survived abortions cutting their by spinal cord by a pair of scissors. he had a solution for unwanted babies. he killed them. he didn't call
the burden of preparing your taxes is now nearly as onerous as actually paying for the taxes. it takes 13 hours for the average american to prepare his or her taxes. the tax code remains almost four million words, many of which are incomprehensible. we must all work together to free small businesses and individuals of the most complex regulation of them all, the federal income tax code. hank you, madam speaker. the speaker pro tempore: for what purpose does the gentleman from ohio seek...
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no federal tax, new tax. only the collection of existing state sales taxes. that's all we're asking for. now, our opposition comes from several quarters, but primarily from no-sales-tax states like oregon, montana, new hampshire. those senators from those states where they pay no sales tax whatsoever would not even require their internet serls to collect -- sellers to collect sales tax on sales made in other states. at the end of the day if marketplace fairness act passes, the citizens of oregon will not pay one penny in sales tax more -- they pay none -- nor will the citizens of montana, delaware, or alaska. the state law prevails. we coapt don't change it at all. but to suggest you can sit in oregon as an internet retailer and sell into other states at a disadvantage to the local businesses, not collect sales taxes, is unfair. and what we ao achieve here is fairness and balance. we have obviously the major retailers across america supporting this but more. we have units of government that are now not receiving the sales tax seats from internet -- receipts f
no federal tax, new tax. only the collection of existing state sales taxes. that's all we're asking for. now, our opposition comes from several quarters, but primarily from no-sales-tax states like oregon, montana, new hampshire. those senators from those states where they pay no sales tax whatsoever would not even require their internet serls to collect -- sellers to collect sales tax on sales made in other states. at the end of the day if marketplace fairness act passes, the citizens of...
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the initial phase of the presidency was like when george bush was working on immigration reform and tax reform and you turn a corner and you're confronted with huge steal beams that were from 9/11 where the planes hit the building and hit the steel barriers and it's profound and in fact people -- we had a preview this morning with members of the media and there were people crying when they turned the corner and saw it. it's profound because it really reminds us all not just the impact it had on the presidency of george w. bush but impact it had on all of us and changed our lives and his presidency. there's another really interesting feature of the museum which is called the decision points theater which allows visitors to sit at a desk and look at the decisions that were made on katrina, on the fiscal meltdown and on iraq and to make their own decisions about what they would have done. the bottom line on the library is no matter your opinion of george w. bush, after having gone through it, i think you gain an appreciation and an understanding for why he made decisions he did at the time
the initial phase of the presidency was like when george bush was working on immigration reform and tax reform and you turn a corner and you're confronted with huge steal beams that were from 9/11 where the planes hit the building and hit the steel barriers and it's profound and in fact people -- we had a preview this morning with members of the media and there were people crying when they turned the corner and saw it. it's profound because it really reminds us all not just the impact it had on...
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states to collect taxes on more online purchases by residents. follow that on c-span2 and now to the house on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] the speaker: the house will be in order. the prayer will be offered today by our guest chaplain, ocho, hop oshigon lolong. from the american armenian church of america in new york city. >> in the name of the father and of the son and of the holy spirit, amen. the chaplain: almighty god, we seek your holy guidance in all our endeavors, especially in the deliberations of our leaders in this noble body. because strong and wise leadership is essential for the well-being of nations. today we are mindful of another april 24. 98 years ago, the beginning of the genocide of the armenians in the ot monday empire -- ottoman empire. the first genocide amongst so many that followed in the 20th century. we besiege you, o lord, to bless this land of america and its people. empower them to continue serving your goodness as they did whe
states to collect taxes on more online purchases by residents. follow that on c-span2 and now to the house on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] the speaker: the house will be in order. the prayer will be offered today by our guest chaplain, ocho, hop oshigon lolong. from the american armenian church of america in new york city. >> in the name of the father and of the son and of the holy spirit, amen....
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this is not a new tax. it is in the a different tax. it is in the a tax we're applying to anybody. it is a mechanism for the collection of a tax that has been owed for over 20 years by people buying retail purchases in your states from people who sell out of state. i commend the leadership on the legislation. i hope everybody will bring their amendments to the floor. i don't know if there is any need for them. i hope we can send a clear message that we're prepared to let our local and state governments collect the tax that is owed to them and has been owed to them. my state of georgia's governor led a major tax reform package in my state that passed with only one dissenting vote. it reformed taxes on utilities for manufacturing to attract business to our state. it reformed our income tax code. it reformed a lot of our taxes but it also passed legislation consistent with the marketplace fairness act, so we can finally collect a tax that has been owed for a long, long time in our state. as a real estate guy, as someone who used to lease retail space in shopping centers and on corners
this is not a new tax. it is in the a different tax. it is in the a tax we're applying to anybody. it is a mechanism for the collection of a tax that has been owed for over 20 years by people buying retail purchases in your states from people who sell out of state. i commend the leadership on the legislation. i hope everybody will bring their amendments to the floor. i don't know if there is any need for them. i hope we can send a clear message that we're prepared to let our local and state...
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what he ran on as governor of texas, education, tax and immigration reform. then you turn the corner and september 11th. it happened eight months, you remember, into his first term. there is some steel inside from the world trade center. the famous bullhorn he used to speak to americans from ground zero. >> it is quite dramatic. it had a big impact on the trajectory of his presidency. beyond that is the response to 9/11, the 10 days the country had to mourn. president bush had to lead us through the terrible dark moment. >> reporter: from there you will transition into what became a new threat in this country, the global war on terror. an artifact in there gun saddam hussein had when he was captured. it was later presented to president bush. finally you will go through exhibits highlighting hurricane katrina and of course the recession. about 400,000 people are expected to file through this thing every single year. a lot is on display. truly educational. a pretty spectacular site, bill. bill: it will be good to visit too. thank you, casey stiegel, live from d
what he ran on as governor of texas, education, tax and immigration reform. then you turn the corner and september 11th. it happened eight months, you remember, into his first term. there is some steel inside from the world trade center. the famous bullhorn he used to speak to americans from ground zero. >> it is quite dramatic. it had a big impact on the trajectory of his presidency. beyond that is the response to 9/11, the 10 days the country had to mourn. president bush had to lead us...
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. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. >> stephanie: it is "the stephanie miller show." welcome to it. six minutes after the hour. 1-800-steph-12 the phone number toll free from anywhere. ricin guy is on the loose. >> he's on the loose. >> stephanie: elvis impersonator has been cleared. >> he's no longer a ricin guy. >> stephanie: he's just crazy elvis guy now. there is so little conspiracies going around him. >> rice-a-roni. >> stephanie: they say he was framed it looks like. >> i was trying to tell you, i was framed. >> he says it in his southern accent. >> stephanie: now he has more time to investigate that whole elvis impersonator contest situation in tupelo, mississippi. that apparently was the big story. it was buried there. yeah. who knew? that's the pr
. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. >> stephanie: it is "the stephanie miller...
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people to pay taxes. i cannot recall everything he said, but it spoke of hypocrisy. i don't know. i did you are for it or against it, but you should be the same viewpoint and carry on the same kind of methodology. it should bethat paid because there should be an equal platform between internet businesses and brick-and-mortar businesses. there should not be the huge disadvantage. if people want all these government benefit programs and they cried about paying taxes, why should they fret? there should be no democrats saying they don't want the tax. host: this is the editorial section of usa today -- next to their opinion is one written by the vice president and deputy general counsel of government relations at ebay. ebay would like the exemption to be for businesses with 50 than $10 or less million. so there is an exemption for small businesses. ebay would like it to be higher. we will go to gary knell in cameron, north carolina, who supports the legislation. caller: i do. because i don't think it's fair. p
people to pay taxes. i cannot recall everything he said, but it spoke of hypocrisy. i don't know. i did you are for it or against it, but you should be the same viewpoint and carry on the same kind of methodology. it should bethat paid because there should be an equal platform between internet businesses and brick-and-mortar businesses. there should not be the huge disadvantage. if people want all these government benefit programs and they cried about paying taxes, why should they fret? there...
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a powerful voice on tax issues. the 71-year-old has, at times, clashed with fellow democrats for opposing his own party's initiative and he was one of four democrats who voted last week against extended background checks for gun sales. six democrats not running for re-election next year and most of whom represent competitive seats. party leads in montana are looking to former democratic governor brian schweitzer as their best chance to holding on to baucus' seat. what do you think of this, howard dean? >> i predicted this a weeking on a "morning joe." here is the problem. baucus, i think is described as a centrist democrat which means he voted with the republicans on the important issues that we care about. and ed schweitzer is this populous guy and even though he is not that liberal he is a populace. each in montana the vote matters a lot. the last poll a couple of days showed bryan schweitzer with a 19-.lead in a primary over max baucus. a hill too high to climb. no amount of money is going to fix that kind of pro
a powerful voice on tax issues. the 71-year-old has, at times, clashed with fellow democrats for opposing his own party's initiative and he was one of four democrats who voted last week against extended background checks for gun sales. six democrats not running for re-election next year and most of whom represent competitive seats. party leads in montana are looking to former democratic governor brian schweitzer as their best chance to holding on to baucus' seat. what do you think of this,...
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more tax the. we'll check you out at 9:20 on the "fox business" network. >> thank you. >> gretchen: obamacare is a tough sell because the white house spent money to promote it. then, missed "the bible" on tv? it's coming to the big screen. but there is a catch. that's coming up next she's always been able to brighten your day. it's just her way. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stoma
more tax the. we'll check you out at 9:20 on the "fox business" network. >> thank you. >> gretchen: obamacare is a tough sell because the white house spent money to promote it. then, missed "the bible" on tv? it's coming to the big screen. but there is a catch. that's coming up next she's always been able to brighten your day. it's just her way. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be...
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there are ways to raise revenue that simply close loopholes without raising taxes, and we need to break that law again. >> senator richard blumenthal in connecticut and sam, thanks for being with us. >>> how someone wrote for gun purchases and later shamed himself. >>> and the president's dinner with the senators. tonight it's the women senators. i should be arrested for crimes against potted plant kind. [ clang ] my house is where plants came to die. but, it turns out all i was missing was miracle-gro potting mix. it's got what a plant needs like miracle-gro plant food that feeds them for up to six months. you get bigger, healthier plants, guaranteed. who's got two green thumbs thanks to miracle-gro? ah, this gal. boom! with the right soil, everyone grows with miracle-gro. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinkin
there are ways to raise revenue that simply close loopholes without raising taxes, and we need to break that law again. >> senator richard blumenthal in connecticut and sam, thanks for being with us. >>> how someone wrote for gun purchases and later shamed himself. >>> and the president's dinner with the senators. tonight it's the women senators. i should be arrested for crimes against potted plant kind. [ clang ] my house is where plants came to die. but, it turns out...
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was it tax day? you just don't know. so i think his attitude is lets not put any inference into it, let's make clear we will get the people responsible. >> anything you say could prejudge. >> and have reverberations all over the world. >> for those who hate america and new its history, monday had significant meaning. in hawaii monday was a holiday, patriots day's commemorating the first shots fired in the revolution. >> the real patriots day is april 19th. that's the day that counts for people on the extreme right in the united states. as it happens, massachusetts celebrates patriots day on the third monday of the month. >> but about international terrorists, there is this fact. april has seen it's share of random violence, aimed at the innocent and vulnerable in public places. >> all right. were there any public apologize, any corrections issued? of course not. joining me now with reaction is the director of the next generation dot tv, and juan williams. thanks for being with us. >> you're welcome. >> juan, within 24 ho
was it tax day? you just don't know. so i think his attitude is lets not put any inference into it, let's make clear we will get the people responsible. >> anything you say could prejudge. >> and have reverberations all over the world. >> for those who hate america and new its history, monday had significant meaning. in hawaii monday was a holiday, patriots day's commemorating the first shots fired in the revolution. >> the real patriots day is april 19th. that's the day...
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there are ways to raise revenue that simply close loopholes without raising taxes, and we need to break that law again. >> senator richard blumenthal in connecticut and sam, thanks for being with us. >>> how someone wrote for gun purchases and later shamed himself. >>> and the president's dinner with the senators. tonight it's the women senators. ♪ using telemedical and mobile technologies, verizon innovators are connecting trauma surgeons to patients in the field. helping them get the attention they need, before they even reach the hospital. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. ♪ there you go. come on, let's play! [ male announcer ] there's an easier way to protect your dog from dangerous parasites. good boy. fetch! trifexis is the monthly, beef-flavored tablet that prevents heartworm disease, kills fleas and prevents infestations, and treats hook-, round-, and whipworm infections. treatment with fewer than 3 monthly doses after exposure to mosquitoes may not provide complete heartworm prevention. the most common adverse r
there are ways to raise revenue that simply close loopholes without raising taxes, and we need to break that law again. >> senator richard blumenthal in connecticut and sam, thanks for being with us. >>> how someone wrote for gun purchases and later shamed himself. >>> and the president's dinner with the senators. tonight it's the women senators. ♪ using telemedical and mobile technologies, verizon innovators are connecting trauma surgeons to patients in the field....
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they could now been on ice and suffers tax. we branch or resources to the problems and i've been really pleased that their attitude towards working with us and our attitude towards working with them. >> with regard to community banks that are not subject to the cfpb examination authority, what measures have you taken to ensure that sure roles are clearly interpreted? are there potential regulators doing their exams? does the cfpb continue the small entity compliance guides as has been done twice already? on the other mortgage rules. >> thank you, mr. chairman. i've got about three different answers to that question. on the small entity compliance guides, this is something we take seriously and we been told this over and over by small institutions in the trade associations that represent them like a cba and that means taking their rules, initially mentioned 2500 pages of rules issued in january. that's 2500 pages of taxpayers a lot of that is preamble, cost-benefit analysis. what a translator for several hundred pages of rules a
they could now been on ice and suffers tax. we branch or resources to the problems and i've been really pleased that their attitude towards working with us and our attitude towards working with them. >> with regard to community banks that are not subject to the cfpb examination authority, what measures have you taken to ensure that sure roles are clearly interpreted? are there potential regulators doing their exams? does the cfpb continue the small entity compliance guides as has been...
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and paying of taxes. if the language has to be theified that is what committee processes 4. >> thank you, there's more that we could ask but i see that my time has expired. >> thank you very much. thank you very much. >> thank you. a wanted to thank you very much. this is a broad reaching portion. i'm grateful for you doing your very best, particulate at this time when we open this hearing for reflections on the tragedies in boston and west texas. assurance can negus of islam to great the ability to perform custom issues? >> this is to make sure that the additional activities are defined. this'll help the economy grow and every state. employment verification, making more visas available on a permanent and temporary worker basis, this will help the economy grow in every state. >> there has been some discussion about discretion. under current practice they use the authority very sparingly. it said is have shown roughly 1% of all cases. how much more should we expect the department to exercise discretion? >>
and paying of taxes. if the language has to be theified that is what committee processes 4. >> thank you, there's more that we could ask but i see that my time has expired. >> thank you very much. thank you very much. >> thank you. a wanted to thank you very much. this is a broad reaching portion. i'm grateful for you doing your very best, particulate at this time when we open this hearing for reflections on the tragedies in boston and west texas. assurance can negus of islam...
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he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening, eamon. >> good evening, larry. the new details are that the law and lobbying firm green and troutwig has received and is responding to a subpoena from the s.e.c. in this matter. they are involved in a situation here, because the allegation is that a separate firm called hight securities sent a tip to wall street clients that changes were coming to medicare. there was an employee involved in the chain of communication of e-mails of some of this information. now greenbergtroutwig also saying today they're going to get out of the business of so-called political intelligence. that's when firms in
he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening,...
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the local merchant who pays property taxes. >> nine states have enacted online sales taxes. enforcement thus far has been lax. the marketplace fairness act would require the states to provide online retailers with new software to process the new transactions. >> this bill has nothing to do with federal taxes. nothing. secondly, this bill does not impose any new taxes whatsoever. >> as might imagine, many online retailers and their allies on capitol hill are hesitant to click i agree. they cite the existence of 10,000 state municipal tax codes. >> while complying with so many codes might not be a big deal for large online retailers. it's actually a huge burden for the little guys. >> the marketplace fairness act is unprecedented in its reach to discriminate against the internet, employers, and states with modest or no sales taxes. >> after years of opposition, amazon.com last year relented. ebay sought a carveout for online retailers doing up to 10 million in annual sales and having not got continue still opposes the factor place fairness act. with the senate moving senate gr
the local merchant who pays property taxes. >> nine states have enacted online sales taxes. enforcement thus far has been lax. the marketplace fairness act would require the states to provide online retailers with new software to process the new transactions. >> this bill has nothing to do with federal taxes. nothing. secondly, this bill does not impose any new taxes whatsoever. >> as might imagine, many online retailers and their allies on capitol hill are hesitant to click i...
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so extend the r&d tax credit, beef up national science foundation. beef up national institutes of health. beef up the research and the -- in the adopt of energy, public-private partnerships, lay that groundwork for the private sectoring help the private sector. we had a group of c.e.o.'s in last week that were in in the semiconductor industry. they talked about the same thing and they talked about the public-private partnerships and how that's needed for us to maintain our competitiveness here and these are good paying jobs in upstate new york and other places and these are the kinds of investments we need to make. again, we've got to get out of this mentality that every single thing that the government does is bad, there are some things, and it's a public--- and it's public-private partnerships will lead the way for us. mr. garamendi: george washington and alexander hamilton had it right, american government working with the private sector can make a difference. talking about infrastructure, we have an opportunity this year -- this year, congress an
so extend the r&d tax credit, beef up national science foundation. beef up national institutes of health. beef up the research and the -- in the adopt of energy, public-private partnerships, lay that groundwork for the private sectoring help the private sector. we had a group of c.e.o.'s in last week that were in in the semiconductor industry. they talked about the same thing and they talked about the public-private partnerships and how that's needed for us to maintain our competitiveness...
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10 years through a series of limits on tax breaks, a tax on the banking industry and new estate taxes. now the tpc estimates that 86% of additional taxes in 2015 will be paid by those earning over $200,000. the president's budget proposal plans on also raising the tax on cigarettes. 94 cents more per pack. the tpc says that the higher cigarette tax will affect low and moderate income families as they are more likely to smoke than higher income earners. there you go. i don't smoke but a pack of cigarettes, my gosh. tracy: a lot of money. ashley: a lot of money. tracy: a sneaky way to get more money out of you because they push you to higher brackets quicker. ashley: yeah. tracy: sneaky. a new on line sales tax expected to clear the senate. could it face a tough battle in the house? we'll have details on that next. ashley: a bogus tweet claiming president obama injured in a white house, explosion sending stocks plunging. we have the latest from washington to wall street. first let's take a look at latest winners and losers as we head to break. @ menaced the close, let's go to the f
10 years through a series of limits on tax breaks, a tax on the banking industry and new estate taxes. now the tpc estimates that 86% of additional taxes in 2015 will be paid by those earning over $200,000. the president's budget proposal plans on also raising the tax on cigarettes. 94 cents more per pack. the tpc says that the higher cigarette tax will affect low and moderate income families as they are more likely to smoke than higher income earners. there you go. i don't smoke but a pack of...
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has paid all taxes and is paying all taxes. if the language has to be claarified, that's what the committee process is for. >> ok. great. thank you very much. there's more we could ask but i see my time's expiringed. i thank you. thank you, mr. chairman. >> thank you very much. senator franken is not here. >> thank you, chairman leahy. just wanted to at the outset thank you very much, secretary napolitano, d.h.s. has a complicated, difficult, broad-ranging mission and that's just one department. it's responsible for a vast array of important goals at the same time and i'm grateful for your doing your very best and for everyone in the department doing your very best, particularly at this time when we opened this hearing with reflections on the tragedies in boston and in west texas. we're reminded of how grateful we are for everyone in law enforcement and public safety who helps protect us. i'm from the midatlantic region with many ports and with the significant allocation of additional resources under this bill to the southwest
has paid all taxes and is paying all taxes. if the language has to be claarified, that's what the committee process is for. >> ok. great. thank you very much. there's more we could ask but i see my time's expiringed. i thank you. thank you, mr. chairman. >> thank you very much. senator franken is not here. >> thank you, chairman leahy. just wanted to at the outset thank you very much, secretary napolitano, d.h.s. has a complicated, difficult, broad-ranging mission and that's...
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this bill does not create new taxes or increase existing tax taxes. instead, the bill will help states and cities collect billions in unpaid taxes already owed, reducing the need to raise new taxes on tax compliant businesses and citizens. indeed, yesterday i was with my governor and he indicated that if we could pass this at the federal level and allow the state of rhode island to collect approximately $70 million a year, he would propose a reduction in our sales tax, which would benefit all the people in rhode island and also benefit the businesses in rhode island because they would have a smaller sales tax margin to pay. so this is a proposal that i think is not only necessary, it's long overdue. in 2012, as i've indicated, rhode island estimated it lost approximately $70 million in uncollected revenue. the revenue was legally owed but because of this loophole, it went uncollected. this puts pressure on individuals and businesses that play by the rules. indeed, if the marketplace fairness act becomes law, rhode island has provisions in state law, a
this bill does not create new taxes or increase existing tax taxes. instead, the bill will help states and cities collect billions in unpaid taxes already owed, reducing the need to raise new taxes on tax compliant businesses and citizens. indeed, yesterday i was with my governor and he indicated that if we could pass this at the federal level and allow the state of rhode island to collect approximately $70 million a year, he would propose a reduction in our sales tax, which would benefit all...
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he's working on a tax reform bill. not that i think it's going to come to fruition, but he has that kind of access and power. and so i think, you know, for republicans you in theory always like to have of an open seat because incumbents, in theory, are harder to beat. but i think once they're going to to be the underdog in this race. unless the president's poll numbers next year look something similar to 2010 where people had just really soured on his leadership. jon: max baucus was one of the five democrats that voted against the gun control legislation that recently did not make it out of the u.s. senate, much to the president's displeasure. david drucker from "roll call," thank you. >> thanks a lot. jenna: talking about the political implications there with all the different reports of terror attacks over the last several days. one of the things that's come up is whether or not it's going to impact the debate on immigration. today a senate committee heard from homeland chief janet napolitano on reform legislation, a
he's working on a tax reform bill. not that i think it's going to come to fruition, but he has that kind of access and power. and so i think, you know, for republicans you in theory always like to have of an open seat because incumbents, in theory, are harder to beat. but i think once they're going to to be the underdog in this race. unless the president's poll numbers next year look something similar to 2010 where people had just really soured on his leadership. jon: max baucus was one of the...
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it talks about the tax liability issue. i should have referred to pages bill. 69 of the the standard is ambiguous as to the backould trigger tax liability. i have given a citation error. the standard would give you discretion to identify what documentation that would have to prove to show they had fulfilled their obligation to pay any back taxes. i wanted to talk about another provision. this one is on page 63 of the bill. it deals with who is eligible for rpi status. thoseves eligibility for who have received orders of deportation but have absconded, meaning they fled after having been ordered deported, or they had returned to the united states following an order of deportation after which they return to their home country or another country. i am concerned about this that this might reward condon that seems to be in clear violation of a court order. policy?gree with this >> right. i have read the bill but not pages.not memorize the a provision inis the sense that if somebody has been removed from the country and it would
it talks about the tax liability issue. i should have referred to pages bill. 69 of the the standard is ambiguous as to the backould trigger tax liability. i have given a citation error. the standard would give you discretion to identify what documentation that would have to prove to show they had fulfilled their obligation to pay any back taxes. i wanted to talk about another provision. this one is on page 63 of the bill. it deals with who is eligible for rpi status. thoseves eligibility for...
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not a tax. it's about taxes already owed. taxes already owed. not a federal tax. state taxes already owed. sales taxes and use taxes, that's all we're talking about. are we telling any state they must do this or must do that? no. we're saying to states we're simply affirming the spirit of the 10th amendment, which says you have the right to decide for yourself, mr. governor, ms. legislator, what your state tax structure ought to be. up to you if you want to just have some people pay the sales taxes and use taxes that are owed and other people not pay them, that's up to you too. that's your business. but this is a states' rights 10th amendment decision that leaves to the state this ability. i wanted to talk mostly about what we're talking about. we're talking about what happens when you buy something online from a catalog and the local store, and making sure that states are able if they wish to treat all businesses in the same way. now, that's why so many conservative leaders, as they have understood this bill, have come to support it. this is a rarity in the unite
not a tax. it's about taxes already owed. taxes already owed. not a federal tax. state taxes already owed. sales taxes and use taxes, that's all we're talking about. are we telling any state they must do this or must do that? no. we're saying to states we're simply affirming the spirit of the 10th amendment, which says you have the right to decide for yourself, mr. governor, ms. legislator, what your state tax structure ought to be. up to you if you want to just have some people pay the sales...
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states are currently prohibited from collecting sales tax from online sellers who are not physically located in that state. >>> we're getting new information coming into to cnn now on the death of that m.i.t. police officer who was shot and killed by the tsarnaev brothers. what are you learning? >> we want to give you some perspective on what happened. the officer shawn collier, he did not radio into dispatch to request a diskripgs of the suspects. he did not have time to activate the alert on his radio. we are told he was gunned down between four and five times. it was what amounted to an execution. he was shot in the head and the chest. he was sitting alone in his squad car. it took boston police almost 13 minutes to find the vehicle and realize he was the one who had been injured. they were responding to 911 calls from other people in that vicinity. this officer never had time to alert his fellow colleagues where exactly he was. it is unclear where the two brothers ambushed this officer. did they panic? it is not clear. according to a source, they headed away, in the direction of
states are currently prohibited from collecting sales tax from online sellers who are not physically located in that state. >>> we're getting new information coming into to cnn now on the death of that m.i.t. police officer who was shot and killed by the tsarnaev brothers. what are you learning? >> we want to give you some perspective on what happened. the officer shawn collier, he did not radio into dispatch to request a diskripgs of the suspects. he did not have time to...
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even though you are supposed to declare those items on your state tax returns and pay the sales tax. very few americans do. the senate voted 74 to 20 as today to take up the bill. with the level of support, the senate to pass the bill as early as this week. >> >> we will take a break is 511 back with more in a moment. when we come back we will the full text of forecast. here's a look at san jose. the ride on 101 looking okay. temperatures outsider pretty good. 54 in san jose looking for near a [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at choosenissan.com. ♪ shop at choosenissan.com. yeah, kfc! original recipe. original recipe? dad, i think you ate the bones. i did what? you ate the bones! i ate the bones? i ate the bones! i ate the bones! [ male announcer ] kfc original recipe, now available without the bone. freshly prepared white o
even though you are supposed to declare those items on your state tax returns and pay the sales tax. very few americans do. the senate voted 74 to 20 as today to take up the bill. with the level of support, the senate to pass the bill as early as this week. >> >> we will take a break is 511 back with more in a moment. when we come back we will the full text of forecast. here's a look at san jose. the ride on 101 looking okay. temperatures outsider pretty good. 54 in san jose looking...
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tax-free shopping on the internet will be the focus of debate. states can only require stores to collect sales tax if the store has a physical presence in that state. the senate voted to take up the bill, which could pass as early as this week. the senate coverage on c-span2. homeland security secretary janet napolitano will be the sole witness. she was scheduled to appear last week. live coverage of the hearing in just under an hour on c-span radio and on c-span. those are some of the latest headlines on c-span radio. [video clip] >> the museum is meant to help a visitor relive the first eight years of the 21st century. the museum explains the decision-making process that i went through as president. and we hope the museum inspires people to serve, to serve their community or their country in some way. we really did not want to be a school. we wanted to be a do tank. i don't know if there is a lesson there. i do know that laura and i decided to go in a different direction with the -- apart from the museum with a component from which programs wou
tax-free shopping on the internet will be the focus of debate. states can only require stores to collect sales tax if the store has a physical presence in that state. the senate voted to take up the bill, which could pass as early as this week. the senate coverage on c-span2. homeland security secretary janet napolitano will be the sole witness. she was scheduled to appear last week. live coverage of the hearing in just under an hour on c-span radio and on c-span. those are some of the latest...
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and so it is kind of a regressive tax in that way. we're talking about kind of leveling the playing field everywhere. >> bill: it seems one other advantage for the poor and the middle class which is that all of these programs that are cut because of the budget cuts at the state level, that will pump more money in. >> that's right ones lobbying for this. in a real intense way. the local budgets the state budgets who are saying we have big holes to fill and this is one way of doing it. >> bill: it will help keep medicaid -- >> some of the programs running. >> bill: i used to be against it. i buy so much online, hell, i don't want to pay the sales tax. it is only fair that it is a level playing field and that the small businesses and small bookstores whatever, not be -- >> have to let them compete in a fair way. >> bill: on the right side of this issue. we'll talk motor about this, too. igor, we've already run out of time. i can't believe it. so come back and see us next week. >> i will. thank you, guys. >> bill: thinkprogress.org. you c
and so it is kind of a regressive tax in that way. we're talking about kind of leveling the playing field everywhere. >> bill: it seems one other advantage for the poor and the middle class which is that all of these programs that are cut because of the budget cuts at the state level, that will pump more money in. >> that's right ones lobbying for this. in a real intense way. the local budgets the state budgets who are saying we have big holes to fill and this is one way of doing...
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internet sales tax which used to be considered the amazon loophole. it cleared a procedural hurdle in the senate yesterday and it could get a vote this week and obama supports levying that tax. they say about $23 billion is lost a year with this loophole and amazon's no longer fighting this battle. actually they're so big and in so many different states that they do not even get involved in this discussion. it is ebay that's been lobbying heavily to keep this loophole in place as we all have enjoyed the benefit from time to time. i want to also point out netflix. you want to talk about andle? it reports after the close today. netflix reported yesterday. netflix stock was at like $53 last september. it is now over $200. they almost have as many subscribers as hbo does now. the stock is up 112%. >> unbelievable! >> 112% in a year. apple's down 30%. >> brian, stop right here. look at that. steve ratner, netflix was on its last breath. they had called in the priest to read it its last rights. i don't want to overplay one thing, but suddenly the guy goes f
internet sales tax which used to be considered the amazon loophole. it cleared a procedural hurdle in the senate yesterday and it could get a vote this week and obama supports levying that tax. they say about $23 billion is lost a year with this loophole and amazon's no longer fighting this battle. actually they're so big and in so many different states that they do not even get involved in this discussion. it is ebay that's been lobbying heavily to keep this loophole in place as we all have...
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more people working, more people paying taxes is not a tax increase. it is deficit-reduction without a tax increase. i think it's the kind of deficit reduction that we can get bipartisan support for in the country. grow up all sorts of other issues. what about public education? public schools don't teach kids how to read english well and don't teach them american history. but that's a problem, then we need education reform. that is being worked on a state- by-state. that's a problem for kids born here as well as everybody else, in terms of the quality of education they're getting. what about the welfare system? 185 means-tested welfare programs. bill clinton worked with republican congress to reform aid to families with dependent children. we can make progress on the others as well, and reforming welfare is important and needs to be done. it saves money and keeps people from getting locked into welfare dependency. but none of those are arguments for getting in the way of immigration reform. then there's the question of entitlements medicare and get ben
more people working, more people paying taxes is not a tax increase. it is deficit-reduction without a tax increase. i think it's the kind of deficit reduction that we can get bipartisan support for in the country. grow up all sorts of other issues. what about public education? public schools don't teach kids how to read english well and don't teach them american history. but that's a problem, then we need education reform. that is being worked on a state- by-state. that's a problem for kids...
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how many pay taxes? we don't know. how many will pay taxes if they get jobs? how much will they pay in taxes? we don't know. what is the real cost of illegal immigration to the u.s.? the real cost? hohonest square, accounting? what is this answer. what are those illegal immigrants paying in taxes and providing in the way of services to others in this country, some are i imencely productive? what is the cost of the jobs they hold, is there no cost? is it true they only work in industries where americans don't top work. this that is find just give us an answer, do we as a nation make money? do we benefit? do we prosper because of illegal immigration. you hear everyone say we're a nation of immigrants, why don't they say a nation of illegal immigrants? the questions go on and on, is the path to citizenship appropriate? is it good or bad for the economy? it is good for american society. the real question becames after 10 years of debating this issue, why in the world don't we havv tse answers? that's the big question. if you have been watching politics, and washin
how many pay taxes? we don't know. how many will pay taxes if they get jobs? how much will they pay in taxes? we don't know. what is the real cost of illegal immigration to the u.s.? the real cost? hohonest square, accounting? what is this answer. what are those illegal immigrants paying in taxes and providing in the way of services to others in this country, some are i imencely productive? what is the cost of the jobs they hold, is there no cost? is it true they only work in industries where...
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all workers pay payroll taxes into a trust fund. all employers pay the same payroll tax into that trust fund and out of that trust fund comes all of the spending or part a services primarily hospital insurance spending. the age i trust funds has exceeded revenue since 2007 and what that means it is the balance of the trust fund and the assets of the trust fund have been declining and they will be totally completed sometime in the middle of the next decade. since the trust fund can't borrow if the laws are changed medicare will be unable to pay full payments for charges in the age i trust fund. it will only be able to reimburse providers 85% of what they are charging. so clearly legislative action has to be made before that he either to raise taxes or slow the growth in spending or preferably a little bit of both. i my reckoning i have completed my assignment and rather than take a gold star as i said i want to have a couple of general observations. the first when we have discussiodiscussio ends like this we should make clear what ou
all workers pay payroll taxes into a trust fund. all employers pay the same payroll tax into that trust fund and out of that trust fund comes all of the spending or part a services primarily hospital insurance spending. the age i trust funds has exceeded revenue since 2007 and what that means it is the balance of the trust fund and the assets of the trust fund have been declining and they will be totally completed sometime in the middle of the next decade. since the trust fund can't borrow if...
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indeed, i made the point of reading the section on taxes -- texas, and what is contained there very much is what i have heard from farmers and ranchers throughout the state. agriculture is critical to my state, as it is to her state, and i suspect the state of every member in this committee. i think all of us would like to see a bill that fixes the broken immigration system. and i would suggest -- and my view, the strategy that will be effective to pass a bill is to focus where there is a wide bipartisan agreement. that is how we will actually get a bill passed. and in my judgment, there are two broad areas where there it is bipartisan agreement right now. number one, i think there is bipartisan agreement that we've got to get serious about securing the border. that we need to increase manpower, that we need to increase technology, that we need to fix the problem. in a post 9/11 world i think it does not make sense we do not know the criminal history in the background of those coming in, and i think there is wide agreement that we should fix that, including the problem of visa overstays.
indeed, i made the point of reading the section on taxes -- texas, and what is contained there very much is what i have heard from farmers and ranchers throughout the state. agriculture is critical to my state, as it is to her state, and i suspect the state of every member in this committee. i think all of us would like to see a bill that fixes the broken immigration system. and i would suggest -- and my view, the strategy that will be effective to pass a bill is to focus where there is a wide...
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a few states don't collect sales tax. it means that everybody else in the country is subsidizing their employers. when you say it's bad for small business, i don't understand why. it's the small brick and mortar companies that are being hurt by the current law and, therefore, we're losing employment in states among small retail outlets not on the internet because we're subsidizing thee other states who don't collect the sales tax. >> senator ayotte, your response. >> my response is this is a big money grab from the states. can you imagine requiring these online businesses to collect for almost 9,600 tax jurisdictions throughout the country. talk about burdens on businesses. by the way, this is big retailers and business lining up for smaller online businesses to have to do their tax collection for states. it is so wrong. actually the last thing we should do and a precursor to other things they will try to grab using the internet including taxing the ber net in my view. >> i wasn't for if sales tax until i saw art laffer o
a few states don't collect sales tax. it means that everybody else in the country is subsidizing their employers. when you say it's bad for small business, i don't understand why. it's the small brick and mortar companies that are being hurt by the current law and, therefore, we're losing employment in states among small retail outlets not on the internet because we're subsidizing thee other states who don't collect the sales tax. >> senator ayotte, your response. >> my response is...
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why should they trust us to fix the tax code when we use their tax dollars to create artificial market for uncompetitive industries? why should they trust our vision of a free society when we give special privileges to is opposed nonprofits like planned parenthood, public broadcasting, agricultural checkoff programs, and the export-import bank why should americans trust us at all when too often we do not trust them, when we vote for major legislation negotiated in secret without debating it, and without even reading it, it deliberately exploiting the people from their own government? to conservatives, a quality needs to mean equality for everyone. the second principle to guide our agenda is diversity. or as you might have heard a call elsewhere, federalism. the biggest reason the federal government makes too many mistakes is it makes too many decisions. most of these are decisions the government does not have to make and therefore should not. every state in the union as a functioning constitutional government, and just as important, each state has the unique political and cultural hist
why should they trust us to fix the tax code when we use their tax dollars to create artificial market for uncompetitive industries? why should they trust our vision of a free society when we give special privileges to is opposed nonprofits like planned parenthood, public broadcasting, agricultural checkoff programs, and the export-import bank why should americans trust us at all when too often we do not trust them, when we vote for major legislation negotiated in secret without debating it,...
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not a new tax, taxes that are already owed from everybody who owes the tax so that you can -- so that you can lower your tax raid for everybody, you're free to decide that. that was the argument that art laffer made in "the wall street journal" on last week. now, art laffer was president reagan's favorite economist. that's the point he made. states have the right to be right. he said this, states have the right to be wrong. but if tennessee or throw or any state can lower -- can collect taxes from everybody who owes it, it can lower the tax rate for everybody. that's why so many conservative leaders support this. art laffer, art cardenis, chairman of the american conservative union, governor mitch daniels, almost all the republican governors support this. but all we're deciding here in this two-page bill -- 11-page bill is two words -- do we respect states' rights to decide their own tax policy, do we respect states' rights as the tenth amendment suggests we do? as far as regular order, i wish the finance committee had reported a bill. this legislation was first introduced in some for
not a new tax, taxes that are already owed from everybody who owes the tax so that you can -- so that you can lower your tax raid for everybody, you're free to decide that. that was the argument that art laffer made in "the wall street journal" on last week. now, art laffer was president reagan's favorite economist. that's the point he made. states have the right to be right. he said this, states have the right to be wrong. but if tennessee or throw or any state can lower -- can...
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Apr 22, 2013
04/13
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use taxes. furthermore, the creation of this new enforcement scheme will create significant new incentives for states to establish new sales taxes and new use taxes and also to increase the tax rates that exist now for these particur items. ultimately, the marketplace fairness act is going to require consumers to pay an additional $22 billion in sales taxes they have never had to pay before. in fact, unless the u.s. pursues ngents to govern theteonal et economy, the types of arrangements sought by chierch d a host of other states, foreign internet retailers will only continue to have the carpet testify advantage -- competitive advantage that the marketplace fairness act would artificially provide them. that, mr. president, is not what the moron economy needs. that's not what what's going to promote online innovation in vavment irhope my colleagues will oppose this marketplace fairness act. it is premature. it is more than anything else, mr. president -- it is coercive. it is coercive. now, we're
use taxes. furthermore, the creation of this new enforcement scheme will create significant new incentives for states to establish new sales taxes and new use taxes and also to increase the tax rates that exist now for these particur items. ultimately, the marketplace fairness act is going to require consumers to pay an additional $22 billion in sales taxes they have never had to pay before. in fact, unless the u.s. pursues ngents to govern theteonal et economy, the types of arrangements sought...
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Apr 22, 2013
04/13
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FBC
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cheryl: more tax pain. legislation to boost internet sales taxes. peter barnes is standing by. >> i think the last 20 years, cheryl. this legislation has led to a titanic lobbying battle between brick-and-mortar retailers and many internet retailers led by ebay. it appears that it finally passed congress this year. in part because so many states need the revenue so badly. it means you would be required to collect sales taxes nationwide from no more than 9600 tax jurisdictions across the u.s. for brick-and-mortar retailers, we have an app for that. >> they will provide for software from the states to help small businesses comply. we think that online marketplaces like ebay could also serve this function. therefore, we think it would be reasonably easy for many businesses to comply with this law. peter: states say this legislation could help collect $23 billion. california alone could pull in an extra $4 billion a year. the fight right now is really over an exemption small online retailers. ebay is pushing for an exemption of under 10 million or 50 em
cheryl: more tax pain. legislation to boost internet sales taxes. peter barnes is standing by. >> i think the last 20 years, cheryl. this legislation has led to a titanic lobbying battle between brick-and-mortar retailers and many internet retailers led by ebay. it appears that it finally passed congress this year. in part because so many states need the revenue so badly. it means you would be required to collect sales taxes nationwide from no more than 9600 tax jurisdictions across the...
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Apr 22, 2013
04/13
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. >> reporter: now funded by a small tax on all phone bills you can see it on yours, the program has exploded with companies advertising free phones, many of which come with more than 250 minutes of time, far more than needed for emergencies obviously. those supporters argue some need phones to find a job but the fcc told congress the top five providers can not verify the eligibility of 41% of those who get the phones. listen. >> i hear from law enforcement that these phones are often found at crime scenes and are used in drug deals. why? because you can't trace them. >> just handing out phones willy-nilly and allowing them to be sold on the black market, this isn't the way to do it and we need to stop. >> reporter: now some recipients famously called them obama phones. there is one supporter who boasted to media during the election that all minorities should support the president because he gave them free cell phones. some now propose expanding the free phone service to broadband but mccaskill says the current program is so far out of control we should scrap it and start over, not e
. >> reporter: now funded by a small tax on all phone bills you can see it on yours, the program has exploded with companies advertising free phones, many of which come with more than 250 minutes of time, far more than needed for emergencies obviously. those supporters argue some need phones to find a job but the fcc told congress the top five providers can not verify the eligibility of 41% of those who get the phones. listen. >> i hear from law enforcement that these phones are...
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Apr 22, 2013
04/13
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i would argue the tax code is probably not the place to do that the most effective way. host: let's go to york, pennsylvania, republican line. i had agood morning, relatively personal question for you. i see you are a keen observer of the oil industry considering the fact that fsil fuels are not all leave feeling our cars but giving a desolation to the environment, do you believe man will develop environmentally sound modes of transportation out of sheer will to be accountable as inhabitants of earth? host: i will give you the last comment. guest: that's a good question. there are multiple ways of thinking about this. some would argue that the government should support certain industries and drive that an ovation. others argue that should be a market-based mechanism whereby the most effective solution to some of these problems will be achieved when we are indeed in dire need of them and there is the financial and economic incentive to do so. i'm not sure where i come down on that. host: anthony costello, we appreciate you joining us today. guest: thank you for having me.
i would argue the tax code is probably not the place to do that the most effective way. host: let's go to york, pennsylvania, republican line. i had agood morning, relatively personal question for you. i see you are a keen observer of the oil industry considering the fact that fsil fuels are not all leave feeling our cars but giving a desolation to the environment, do you believe man will develop environmentally sound modes of transportation out of sheer will to be accountable as inhabitants of...
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Apr 22, 2013
04/13
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"the wall street journal" says the senate is considering a way for internet sales to collect sales tax. >>> and the "washington post" says investors are pouring more money. some wealthy buyers make up 70% of sales. >>> all right. weather looking good around the bay area. nice sunny start to the day to the coastline. the temperatures staying fairly mild in some spots. in the upper 50s already in some areas. 57 degrees in oakland. 57 in vallejo. 57 degrees in san francisco. this afternoon sunshine to the coast.60s evenat th 70s inside the bay and 90 degrees inland in the warmest spots. next couple of days starting to cool down fog returning by wednesday. >> announcer: this national weather report sponsored by the big wedding starring robert d dinero katherine heigl and diane keeton in theaters friday. >>> two police officers were guthe manhunt more the marathon bombers. one gave his life. the other nearly lost his. this morning the friends who became heroes. >>> a legal battle is already brewing over the surviving suspect. should he be treated as an enemy combatant. >>> and a historic tr
"the wall street journal" says the senate is considering a way for internet sales to collect sales tax. >>> and the "washington post" says investors are pouring more money. some wealthy buyers make up 70% of sales. >>> all right. weather looking good around the bay area. nice sunny start to the day to the coastline. the temperatures staying fairly mild in some spots. in the upper 50s already in some areas. 57 degrees in oakland. 57 in vallejo. 57 degrees in...
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Apr 22, 2013
04/13
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CNNW
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> morni
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. >>> morni